Britain could narrowly avoid a triple dip recession because the services sector, which makes up about 75% of Britain's economic output, showed the quickest rise in business activity in five months, during February 2013. This is great news taking into consideration the reports in January seemed bleak following your economy shrank 0.3% during the last A few months of 2012. As Britain tries to narrowly avoid a triple dip recession, certain cities in britain are going to do better than others, none way more than Cambridge. A study from the Centre for Cities confirmed Cambridge has suffered least throughout the downturn and currently enjoys the best economic performance in the united states. With all the lowest rates of the on job seekers allowance as well as the lowest degrees of youth unemployment, Cambridge seems to be defying the popularity. This city, also called the Silicon Fen, is in the strongest position to steer the nation's economic recovery. - jobs in Cambridge
The main strengths of Cambridge's economy count on a strong private sector along with a very skilled workforce. There are fewer people used in manufacturing than those called �knowledge workers' employed as accountants and lawyers. This highly qualified workforce used by leading edge companies and industry leaders are adding to the city's success. Globally renowned technology businesses, world leaders in product and ground breaking research help retain Cambridge's reputation like a key global player.
Based on the Cambridge Cluster Report of 2004, 24% of UK venture capital was received by companies inside the Silicon Fen that year, when using 8% of all EU's venture capital. This Cambridge Phenomenon goes back for the founding with the Cambridge Science Park in 1970. An initiative of Trinity College, Cambridge University it is the largest commercial R&D centre in Europe. With successful companies including Abcam, Jagex, Napp and Philips Research, the Cambridge Science Park will always attract leading businesses and start-ups. In the year 2006, the Judge Business School reported that there was around 250 active start-ups in those days, which were from the University, with a value of approximately $6 billion (US).
The need for quality housing has triggered more property prices as well as rental prices reflecting the strength of the neighborhood economy. The influx of international business owners and contractors, for short term or long-term appointments with the city in addition has aided the hotels and serviced apartments Cambridge. This buoyancy within the Cambridge biotech and high-tech sectors continues to have a good effect on service led businesses. High employment figures plus a skilled workforce lead to strong leisure and retail sectors within the city. - jobs in Cambridge